Anti Corrosion Coating Market Analysis, Size, Share, Growth, Trends and Forecast 2030

Anti-Corrosion Coatings Market Insights

Corrosion resistant coatings are applied on metal bodies to protect them from degradation due to salt spray, moisture, oxidation or exposure to a variety of environmental or industrial chemicals. With the increased demand for corrosion resistant coatings, the anti-corrosion coatings market is expected to reach a valuation of approximately USD 33.27 billion by 2023 registering a CAGR of nearly 5.3% over 2016-2023. Anti-corrosion coatings allow for added protection of metal surfaces and acts as a barrier to inhibit the contact between chemical compounds or corrosive materials. In addition to corrosion prevention, many of coatings also provide a bonus of abrasion resistance, non-stick performance and chemical protection.

The expansion of the marine industry can be considered to explain the growth that is anticipated to be witnessed in the anti-corrosion coatings market. Maritime transportation remains one of the chief means of bulk transportation around the world after air transportation. With greater popularity garnered by the tourism industry, cruise ships are also witnessing greater demand and luxury cruise ships have registered greater production due to burgeoning demand. Marine coatings market is expected to be a multibillion dollar industry by 2023 and anti-corrosion coatings are poised to hold a major share in this market.

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Segmentation:

The anti-corrosion coating market is segmented on the basis of types, application, and end users.

By types anti-corrosion coating market is categorized into epoxy, acrylic, zinc, polyurethane alkyd, silicone, chlorinated rubber, and others such as fluorocarbons, graphene, co-polymers, ceramic, and glass flakes.

On the basis of application anti-corrosion coating market is classified into solvent-based coating, water-based coating, powder coating, and others which include high-energy cure coatings, antifouling coatings, nano-coatings.

On the basis of end user, anti-corrosion coating market segmented into shipbuilding, oil & gas, transport, marine, energy, automotive, and others such as pipes & tanks, wastewater treatment plants, power plants, wind turbines, construction.

Competitive Overview:

Key players of the global anti corrosion coating market are 3M, BASF SE, Hempel Group, Kansai Paint Co., Ltd, PPG Industries, The Dow Chemical Company, Wacker Chemie AG, Valspar, Bluchem, RPM International Inc., and Others.

Industry News:

Anti-corrosion coatings market has often witnessed the launch of new products due to advancements in the field of coatings and the development of products that are reinforced to perform better. For instance, Alltimes Coatings Ltd recently launched its Advantage Graphene liquid coatings roofing system. Advantage Graphene is claimed to be enhance with anti-corrosion performance that has been achieved with the incorporation of graphene developed by Applied Graphene Materials, a leading manufacturer of advanced graphene. The fact that Advantage Graphene system is the result of in depth testing program extensive product development indicates the fact that investments in the anti-corrosion coatings market are increasing that in turn is creating the scope for development of better products with better performance and life expectancy.

Anti-Corrosion Coatings Market Regional Analysis:

Asia Pacific is estimated to be the largest anticorrosion coating market due to expansive demand for the product from various end user industries. One of the chief end users of anti-corrosion coatings in the region is the expansive marine and shipbuilding industry, especially that of China. For instance, the merging of CSIC and CSSC, the two state owned ship building companies of China in 2019 resulted in the formation of the largest shipbuilder in the world. The massive shipbuilding industry of China is closely followed by that of Japan, and India. Water-based coatings and solvent-based coatings have registered increased demand in India, Taiwan, and South Korea.

North America is the second highest producer of water-based and solvent-based coatings. The region also has a considerable presence of end user industries especially in the U.S. such as automotive, oil and gas and energy that will add a significant impetus to the anti-corrosion market in the region.

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Titanium Dioxide Market Demand, Application, Growth, Overview, Share, Forecast 2030

Titanium dioxide (TiO2) is a white colored pigment and a naturally occurring oxide of titanium in three forms – brookite, anatase, and rutile. It has applications in cosmetics, coatings, paints, paper, plastics, foods, and others. The global titanium dioxide market report compiled by Market Research Future (MRFR) contains developments and insights of the use of TiO2 in paints and coatings and predictions for the period of 2016 to 2023 (forecast period).

Market Outlook

The global titanium dioxide market is expected to touch a value of USD 44.954 billion by 2023, as per the report of MRFR. It can exhibit a CAGR of 14.28% during the forecast period. The demand from automotive and construction sectors is the primary driver of the market. Strict policies outlining the low emission rates in cars and efforts taken by manufacturers in lowering vehicle weight support this trend. TiO2 is used in the coating of polycarbonates for upping the scratch resistance of coats. Titanium dioxide is mixed in coats and paints to enhance the aesthetic appeal of products. It has uses in industrial and architectural applications.

Acquisitions and mergers are seen as a gateway of sustaining in the market by players. Recently, Kemira Oyj decided to merge its titanium dioxide unit with the assets of Rockwood Holdings, a U.S. firm. Opportunities have emerged in the market in the form of electroceramics, color pigment precursors, and catalysts.

Environmental restrictions, carcinogenic properties of TiO2, and fluctuating prices of raw materials can restrain the global titanium dioxide market.

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Segmentation

The global titanium dioxide market is segmented by application and end users.

Based on application of titanium dioxide the market is segmented into paper, paints, coatings, plastics, pigment, photo-electrode, cosmetics, food additives, and others.

Based on end user the market segmented into construction industry, automotive, food & beverages, personal care, pharmaceutical, and others.

Competitive Outlook

The Chemours Company Chemours, Tronox Limited, Huntsman International LLC., Argex Titanium Inc., CRISTAL, NL Industries, Inc, Evonik Industries, DuPont, Shandong Doguide Group Co., Ltd, Tayca Corporation, and others are key players of the global titanium dioxide market. Development of new feedstock manufacturing companies and pigment plants seem to be the main focus of these players to sustain during the forecast period.

Regional Analysis

Geographically, the global titanium dioxide market looks at North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA).

Asia Pacific is the largest market of titanium dioxide due to demand in various applications such as paints, plastics, photo-electrode, pigment, paper, in China and Japan. The expansion of coatings and paints sectors will be the biggest driver of the market in the region. The growing population and the rise in expendable income levels of customers can drive the market demand exponentially.

Europe is the second-largest followed by North America. High demand for cosmetics and personal care products will drive the demand for TiO2. Availability of the chemical in ultrafine grades and its inclusion in sunscreen products can drive the regional growth. North America is driven by the production of coatings owing to the rise of infrastructural projects. The upswing noticed in the manufacturing sector can also influence the North America titanium dioxide market.

Latin America and Middle East also witnessed in growth of titanium dioxide market due to various application such as additives, pigment, paper, cosmetics, and others.

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PVC Pipes Market Analysis, Size, Share, Growth, Trends and Forecast 2030

PVC Pipes Market Overview

The global PVC pipes market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.13 % during the forecast period (2016-2023).

The pvc pipes market has witnessed a tectonic surge over the past few years across the global market. The recent boom in the construction industry, coupled with rapid urbanization are some of the key factors aiding revenue growth of the market. The building and construction industry include commercial, residential, industrial, and commercial sectors. The industry is estimated to expand at a steady pace, and thus the demand for raw materials has increased. Pipes are crucial parts of the building and construction industry and find application in wastewater drainage systems, water pipelines, HVAC systems, gas pipelines, and others. Such factors are likely to promote the market growth across the globe.

On the contrary, surge in plastic waste is likely to restrict the market growth across the globe. Due to the ever-increasing population, rising use of daily products, growth in population, and the development of various forms of composites and plastics, the quantum of solid waste are on the rise. Plastic waste decomposes slowly and remains unburied for decades. It gets carried away with wind and water and adversely affects the ecology. Countries across the world have set mandates to control plastic waste and encourage reuse of plastic. Such regulations prove to be a restraint to produce plastic. With the rising plastic waste and strict mandates regarding plastic production, the PVC pipes market will experience a slowdown.

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PVC Pipes Market Competitive Dashboard

The top players operating in the PVC pipes market report include China Lesso Group Holdings Ltd. (China), Astral Polytechnik Limited (India), Advanced Drainage Systems, Inc. (the US), Polypipe Plc (UK), National Pipe and Plastics, Inc. (US), Amanco (Brazil), Egeplast A. S (Turkey), and others.

Global PVC Pipes Market: Segmental Analysis

The PVC pipes market analysis report has been segmented on the basis of types, application, and end user.

Based on the type, the PVC pipes market is segmented into plasticized, post chlorinated, and unplasticized.

The application segment comprises plumbing, sewerage, oil & gas, water supply, irrigation, and others. Of these, the PVC pipes are highly consumed by the sewerage application due to the recent boom in the construction industry.

By end users, the PVC pipes industry application is segmented into housing, agriculture, telecom industry, building & construction, and others. The building & construction and housing industries, including applications such as plumbing, sewerage, and water supply will continue to drive the market in the segment. PVC pipes used in the building & construction industry is mainly for the construction of plumbing, sewerage, and water supply.

PVC Pipes Market Regional Frontiers

Geographically, the PVC pipes market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

Considering the global scenario, the Asia Pacific is likely to lead the regional market, with China being the largest consumer and producer of PVC pipes. The soaring demand from the building and construction industries, coupled with the rapid urbanization and industrialization in the region are some of the primary growth stimulants of the market. Mounting demand for PVC pipes in several applications like plumbing, sewage, oil & gas, water supply, irrigation, and others will promote the market growth. The surging demand from building & construction, agriculture, housing, and telecom industry, in countries like India, China, and Indonesia have further influenced the market growth to a large extent. Significant investments made in the chemical and agricultural industries have a positive impact on the overall market, thereby influencing its growth in the region. China dominates the regional market in terms of commercialization and demand for PVC pipes and fittings. Moreover, the existence of industry bigshots like Tessenderlo Group, China Lesso Group, Advanced Drainage Systems, Sekisui Chemical, Egeplast GmbH, Finolex is contributing to the market’s growth.

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Potassium Feldspars Market, Global Industry Share, Growth, Overview and Analysis 2030

Potassium Feldspars Market Market

According to Market Research Future (MRFR), the global potassium feldspars market is projected to witness significant growth with healthy CAGR during 2016 and 2022 (forecast period). The report offers insight into leading competitors with competitive analysis, market dynamics, regional analysis, and a detailed overview of market situations in the forecast period.

Potassium feldspars are aluminum silicates which contain potassium minerals. Feldspars are classified into two major groups, potassium feldspar, and plagioclase feldspar. Potash Feldspar mineral contributes to the composition of the enamel, ensuring the absence of defects and the neatness of the finished product like enamel frits. Due to a range of industrial applications of feldspar, such as, its use as a raw material in the glass and ceramics industry, coating for welding rods and as extenders and fillers in the paint industry, the demand for potassium feldspar is expected to rise during the forecast period.

Potassium Feldspars Market Market Dynamics 

Increased demand for ceramics across major end-use industries, such as electrical & electronics, construction, and medical devices, is expected to be the main drivers of the global market for potassium feldspar over the forecast period. The global market for potassium feldspar is driven by its widespread use in the glass industry like manufacture of glass, fiberglass and specialty glass (used in the production of kitchenware) and as a raw material in the manufacture of ceramics used in bathroom fixtures, kitchen fixtures, and floor tiles. However, the existence of a substantial substitute for potassium feldspars, such as nepheline syenite, hinders market growth. Global demand for nepheline syenite is increasing due to a rise in the absorption of nepheline in glass products due to its improved resistance to breakage and scratching. Nepheline syenite has a low iron content which contributes to the required whiteness of the powdered material used for glass and as an additive to pigments, fillers, and fiberglass by which it is used as a substitute for potassium feldspar.

Key Players 

Key players of the global potassium feldspars market areMineraliIndustrialiS.r.l.(Europe),  Sibelco NV (Europe),Quartz Corporation (Europe), Gottfried Feldspat GmbH (Germany),LB MINERALS, Ltd. (Europe), CVC Mining Company (India), Purin Mineral Group Company Ltd. (Thailand), and others.

Potassium Feldspars Market Segmentation

The global market for potassium feldspar is mainly segmented by application and region. The application market is segmented into glass, ceramic & tiles, enamel frits, and glazes, abrasive, and others. Glass and ceramic industries, including products such as appliances, containers, and manufacturing, continued to be the highest end-use of feldspar in China and the United States. The bulk of potassium feldspar used by the glass industry is for the processing of bottle glass, drinking glass, and fiberglass for insulation. The global market for potassium feldspar is driven by the demand from the Asia Pacific (APAC), Europe, South America, and the Middle East & Africa.

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Potassium Feldspars Market Regional analysis

AsiaPacific is expected to remain a leading region with a market share of 39% over the forecast period, led by Europe and North America, which holds a significant market share in potassium feldspar market. It is the fastest-growing market for potassium feldspar due to increasing demand from emerging economies such as China and Japan. Increased demand for ceramics and the booming construction industry in the region is expected to drive the Asia Pacific market over the forecast period.

Europe is expected to see substantial growth rates due to growing demand for ceramics and glasses in manufacturing, electronic sensors, automotive and medical devices. A significant amount of potassium feldspar stock is expected to support market participants in the region in terms of raw material sourcing in Turkey, Poland and Germany. Turkey has about 60 different mines and metals, as well as 4,500 different mineral reserves. The nation is one of the world’s leading feldspar producers and exporters. It has a significant feldspar reserve, accounting for almost 10% of the total global reserve. According to the United States Geological Survey (USGS), Turkey is one of the world’s leading producers and exporters of feldspar, with approximately 60 different mines and metals, as well as 4,500 mineral deposits. It has a strong feldspar reserve, accounting for almost 10% of the total global reserve, due to which the demand for potassium feldspar is expected to rise significantly in Europe during the forecast period.

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Transformer Oils Market Demand, Application, Growth, Overview, Share, Forecast 2030

Transformer Oil Market Overview:

The global market for transformer oils can be seen rising up to a valuation of USD 4,002.8 million by 2023 with an impressive 8.63% CAGR between 2015 and 2023, which has been considered by Market Research Future (MRFR) as the forecast period. Transformer oil can be defined as an insulating oil that acts as a coolant in an electrical transformer. The manufacturing process of the transformer oil creates demand for crude oil that needs a proper fractional distillation process. These oils are popular for their ability to provide better di-electricity, excellent resistivity, high thermal conductivity, prevent power loss, and provides chemical stability. 

The major driver providing thrust top the transformer oils market size is the increasing number of power grids in the Asia Pacific region where developing countries are investing much to capitalize on the growth. Industrial reforms are creating this demand for power. Also, the surging population in urban areas and the development of new urban spaces are promoting the demand for constant power supply. In addition, the transforming lifestyles are promoting high ingress of high-tech electronic devices that can be taken into consideration that can trigger better growth for the transformer oils market growth.

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Transformer Oil Market Competitive Landscape:

The market for the transformer oils can find better growth opportunities with the tactical moves initiated by various companies. These companies are included in the MRFR report for a better understanding of how the market is going to fare in the future. MRFR’s analysis includes Calumet Specialty Products (U.S.), Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina Company (China), APAR Industries Limited (India), Cargill Inc. (U.S.), Sinopec Group (China), Hydrodec Group Plc. (U.K), Valvoline Inc. (U.S.), Engen Petroleum Limited (South Africa), Gandhar Oil Refining (India), San Joaquin Refining (U.S.), and others. The tactical moves initiated by these companies can impact the global market substantially.

Transformer Oil Market Segmentation:

The market reading of the transformer oils relies on a segmentation that includes type and application. Inclusion of various potential factors with the ability to provide a tailwind to the growth of the market and proper value and volume-based analyses are empowering the outcomes of the segmentation.

By type, the transformer oils market can be segmented into bio-based oil, paraffinic oil, naphthenic oil, and silicone oil. The naphthenic oil has better growth potential and it can surge from its present 48% market share to a new height with increasing transformer oil sales revenue.

By application, the market for transformer oils can be taken into consideration on the basis of a study of small transformers, large transformers, utility & others. Increasing demand for power and its uninterrupted supply is expected to promote the intake of transformers oil.

Transformer Oil Market Regional Analysis:

The global transformer oils industry on the has included Asia Pacific, North America, Europe as major contributors. The market would witness a moderate rise in the Latin American market and the market from the Middle East & Africa (MEA).

The global market is getting led by the Asia Pacific region where countries ike India and China are promoting growth. Growth in the intake of grids to supply power to the rising population in urban areas and industries can back the market proceedings in the region. The regional market has a coverage of around 37.63% of the in 2016, and the CAGR would be 10.57% during the forecast period. India and China are showing high possibilities for growth. China’s industrial development can inspire growth.

With 30% market coverage, North America has the second position in the market. The regional market would find the US and Canada as leading revenue-providers. In Europe, the market would be similar as several market dynamics are quite common.

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Biodegradable Plastics Market, Overview, Trends, Share, Analysis, Forecast to 2030

Biodegradable Plastics Market Overview

The global biodegradable plastics market is expected to reach a valuation of USD 16.8 billion by 2022, according to the latest research report from Market Research Future (MRFR). The global biodegradable plastics market is expected to exhibit a strong 8.4% CAGR over the forecast period from 2016 to 2022.

The global biodegradable plastics is mainly driven by the growing awareness about the ecological damage caused by the growing volume of plastic waste and the increasing government interventions in the area to offer solid support to efforts that aim to resolve the issue of plastic pollution at its roots. The discovery of biodegradable plastics dates back to the 1970s, since when the development of the biodegradable plastics has steadily gained steam as the world’s consumption of plastic materials has grown exponentially over the same time period. The growing volume of plastic waste has bent governments as well as public will, particularly in developed areas of the world, to take concrete steps towards eradicating the problem.

Governments all over the world are funding research efforts into the production of biodegradable plastics, as they look to use human ingenuity to resolve a human-caused problem. This is likely to be a major driver for the global biodegradable plastics market over the forecast period, as groundbreaking research is expected in the area of biodegradable plastics in the coming years.

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Biodegradable Plastics Market Competitive Analysis:

Leading players in the global biodegradable plastics market include BASF SE, Biome Technologies PLC, NatureWorks LLC, FKuR Kunststoff GmbH, Cereplast Inc., Plantic Technologies Ltd., Cardia Bioplastics Limited, BIO-ON, Mitsubishi Chemical Corporation, and Corbion. Corbion, NatureWorks, and BASF are likely to hold on to major shares in the global biodegradable plastics market over the forecast period.

Setting up research efforts into developing biodegradable plastics in collaboration with universities and other research institutes is likely to be a popular strategy for players in the global biodegradable plastics market over the forecast period. In April 2019, Hanwha Chemicals established a research center along with Yonsei University to work on developing a wide range of eco-friendly technologies. Biodegradable plastics are expected to be a flagship project for the center.

Biodegradable Plastics Market Segmentation:

Based on product type, the global biodegradable plastics industry is segmented into polyhydroxyalkanoates (PHA), polylactic acid (PLA), polybutylene succinate (PBS), polycaprolactone (PCL), starch-based plastics, and regenerated cellulose. PLA-based biodegradable plastics are likely to dominate the global biodegradable plastics market over the forecast period due to the ease of developing them in comparison with other types of biodegradable plastics and their easy utility in the packaging industry.

By application, the global biodegradable plastics market demand is segmented into packaging, injection molding, agriculture, textiles, and others. The packaging industry is likely to dominate the global biodegradable plastics market over the forecast period due to the large volume of the demand for plastics from the packaging industry.

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Specialty Polyamide Market Overview, Demand, Global Industry Share, Analysis and Growth 2030

Specialty Polyamide Market Dynamics

The global specialty polyamide market is expected to exhibit steady growth over the forecast period, according to the latest research report from Market Research Future (MRFR). The growing demand from the transportation sector is likely to be a crucial driver for the global specialty polyamide market over the forecast period, according to the report.

Specialty Polyamide Market Competitive Analysis:

Leading players in the global specialty polyamide market include Radici Group, INVISTA S.r.l., Solvay S.A., LG Chem Ltd., E.I. DuPont de Nemours and Company, Koninklijke DSM N.V., Asahi Kasei Corporation, Arkema SA, BASF SE, and Evonik Industries AG.

In July 2019, Evonik, one of the leading players in the global polymers market size, confirmed their presence at the 2019 K2019 plastics trade show in Dusseldorf.

Specialty Polyamide Market Segmentation:

The global specialty polyamide industry is segmented on the basis of application and region.

By application, the global specialty polyamide market report is segmented into transportation, energy, consumer goods, electronics, industrial coatings, and others.

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Specialty Polyamide Market Regional Analysis:

The global specialty polyamide market is expected to be dominated by Asia Pacific over the forecast period, followed by North America and Europe. The growing transportation industry in Asia Pacific is likely to be a major driver for the global specialty polyamide market, as the growing demand for passenger vehicles in the cheap price range has driven up the demand for specialty polyamides in various transportation applications. Growing government support to automotive manufacturing in Asia Pacific countries such as China, Japan, South Korea, and India is likely to be a major driver for the specialty polyamide market in the region. The growing demand for mass transportation vehicles such as buses is also likely to be a major market driver for the specialty polyamide market over the forecast period, as government-planned schemes for public transportation have sprung up at great pace across Asia Pacific in the last few years. Many countries have taken major steps to spruce up their public transportation network, with better designed buses, electric vehicles, and more, leading to a growing demand from the specialty polyamide market over the forecast period.

The growing consumer goods and electronics industries in Asia Pacific are also conducive to smooth growth of the specialty polyamide market. Specialty polyamides are used in a number of consumer electronics and other goods due to their superior thermal resistance and physical durability. The rising demand for consumer goods and electronics in Asia Pacific countries such as India, Thailand, Indonesia, Malaysia, China, Taiwan, South Korea, Australia, New Zealand, and Japan is likely to be a major driver for the specialty polyamide market in the region. The growing demand for physically robust consumer electronics rather than electronics with flashy gadgetry and fluff is likely to drive the demand for specialty polyamides in the region over the forecast period. The rising electric vehicle industry in Asia Pacific is also likely to be a major driver for the specialty polyamide market in the region over the forecast period.

Europe is also likely to be a major growth center for the specialty polyamide market over the forecast period due to the steady growth of the automotive industry in the region. Rising demand for specialty polyamides in transportation applications is likely to be a major driver for the specialty polyamide market in Europe.

Among the rest of the world, Brazil is likely to exhibit strong growth in the coming years due to the growing government support to the public transportation sector in the region. The Middle East could also emerge as a major revenue generator for the specialty polyamide market due to the growing demand in automotive applications in the UAE, Saudi Arabia, Kuwait, Qatar, and other influential countries in the region.

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Surfactants Market, Global Industry Share, Growth, Overview and Analysis 2030

Surfactants Market Overview:

Surfactants Market has increased its market growth in recent years and is expected to grow at a rapid pace during the forecasted period. The global market of Surfactants is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2018 – 2023).

Surfactants Market is estimated to witness robust growth due to growing demand from construction sector and continuous growth of paint & coatings industry across the globe. Furthermore, anionic surfactants are emerged as the largest type segment due to increasing demand for linear alkyl benzene in cleaners and detergents due to unique properties with this aforementioned reason the market is expected to register strong growth in the near future.

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Surfactants Market Key Players:

Global Surfactants industry Players are: Akzo Nobel N.V (Netherland), Air Products and Chemicals Inc (U.S.), Clariant AG (Switzerland), E. I. Du Pont De Nemours & Co (U.S.), Evonik Industries AG (Germany), Huntsman Corporation (U.S.), KAO Corporation (Japan), Solvay (Belgium), Stepan Company (U.S.) and Galaxy Surfactants Ltd. (India) among others.

Surfactants Market Application:

Surfactants has found numerous application such as in Household detergents, Toiletries/personal care, Industrial and institutional cleaning, Textiles, Pulp and paper and in Others including polymers, paints and coating, leather, oil field chemicals, agro-chemical formulations, etc. Surfactants are gaining huge traction in the current time, owing to its wide range of applicability especially, and its huge demand in the industrial applications. Surfactants value chain and the interplay between oleo chemical and petrochemical routes. Indeed, the prices of fats and oils have also declined in 2015—however, not to the same extent as for crude oil.

Study Objectives of Surfactants Market:

To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global surfactants market report.

To provide insights about factors affecting the market growth

To analyse the global surfactants market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)

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Silicon Carbide Market, Overview, Trends, Share, Analysis, Forecast to 2030

Silicon Carbide Market Overview

Market Research Future (MRFR) report on the global silicon carbide market (2016-2023) studies the COVID-19 analysis on the key points that influence the growth of the market. The report discusses current competitors and global market trends, providing a thorough overview of both growth drivers and constraints, which may have a positive or negative effect on the industry’s outlook during the forecast period.

Silicon carbide (SIC) is also identified as carbrundum and is a silica and carbon compound. SIC is one of the hard materials with outstanding performance, power switching frequency, and power rating compared to silicon. In addition, it has the potential to deliver high power switching applications in an extreme environment. Silicon carbide is an extensive gap semiconductor material used in semiconductor electronic devices that work at high temperatures or high voltage. This property has made silicon carbide highly preferable for end-use applications.

Market Dynamics

Over the last seven years, the global demand for silicon carbide has seen steady growth and is heading into an expansion phase. Growth in this market is due to strong demand from the steel manufacturing and steel processing industries and its recycling units. The steel industries in the Asia Pacific is expected to contribute significantly in the coming years. The growing automotive industry around the globe also plays a crucial role in global growth. As per the OICA, China has emerged as a worldwide leader in automotive production with an annual growth rate of over 8%, which is expected to result in a significant rise in the demand in the coming years. In the last few years, the replacement of established pure silicon technology has risen year by year, increasing global demand for silicon carbide. Although growth in this market is held back by high costs associated with silicon carbide devices. Due to low production yields and low production volumes, silicon carbide products are priced at comparatively higher costs, which has posed as growth restraints.

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Market Segmentation

The global market for silicon carbide has been segmented based on product and application.

Based on products, the global market for silicon carbide has been segmented into green silicon carbide, black silicon carbide, and others (refractory, coated, metallurgical, metallurgical briquettes, and micro grit).

Based on application, the global market for silicon carbide has been segmented into steel and energy, aerospace and aviation, automotive, military and defense, electronics and semiconductors, medical and healthcare, and others. Steel and energy are the dominant segments for which silicon carbide is widely used, followed by electronics and semiconductors and the automotive segment. Medical and healthcare services are expected to see the fastest growth in the next five years.

Regional Analysis

Region-wise, the global silicon carbide market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

In 2016, Asia Pacific emerged as one of the most promising markets in the world and had the highest market share in terms of both value and volume. After gaining more than half of the global economy, Asia Pacific is projected to continue leading over the forecast period. Increased sales of the various driver segments, such as steel and energy, electronics, semiconductor and automotive, are responsible for the region’s growth. India and China are jointly driving the Asia Pacific market because of the increasing demand for steel and energy powered by industrial and infrastructural growth.

North America is another attractive growth market, dominated by automotive demand. The region is expected to grow substantially due to the massive demand for commercial vehicles. The United States is one of the five largest commercial vehicle manufacturing markets in the world due to the growing demand for silicon carbide.

In the coming years, Europe will continue to expand, including major markets such as Russia, Germany, and the Netherlands. Established aerospace and aviation industries have contributed significantly to regional growth.

Key Players

Some of the leading participants in the global silicon carbide market are Carborundum Universal (India), Entegris Inc (US), ESK SIC GmbH, Renesas Electronics Corporation (Japan), Norstel AB (Sweden), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Grindwell Norton (India), Microsemi Corporation (US), Dow Chemical Company (US), and others.

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Cold Insulation Market Demand, Application, Growth, Overview, Share, Forecast 2030

Cold Insulation Market Overview

Cold insulation is a procedure which enables the avoidance of energy leakages and the enhancement of energy efficiency. This technology is primarily used in systems such as HVAC and refrigerators. Furthermore, they also have a broad range of application in other industries such as oil & gas and chemicals. The global cold insulation market, as per the Market Research Future (MRFR) report, is set to expand at an impressive CAGR of 8% through the forecast period.

Many factors are fostering growth in the global cold insulation market over the review period. Skyrocketing demand for energy efficiency and new technological developments to cater to such demand are contributing heavily to the ascension witnessed by the cold insulation market. Further, high energy prices are expected to fuel growth in the global cold insulation market to a great extent. Many big enterprises are looking at different ways to curb their expenses and hence, opt for this technology, driving the cold insulation market.

The global cold insulation market is anticipated to garner a market valuation of USD 5 million over the forecast period. Additional factors contributing to the market ascension include the stringent laws introduced by the government to curb high carbon emissions and the growing presence of experienced and skilled workforce. Lower manufacturing costs and higher awareness towards environment-friendly approach are estimated to promote the adoption of cold insulations on a larger scale.

Cold Insulation Market Key Players

The report by MRFR has profiled many prominent market vendors present in the global cold insulation market report including Bayer Material Science, Huntsman Corporation (U.S.), Evonik, BASF SE, Armacell International Holding Gmbh, The DOW Chemical Company, Owens Corning, Aspen aerogels, Dongsung Finetec Corp, Dow Chemicals, Certain Teed, and Kingspan Groups PLC.

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Cold Insulation Market Segmentation

The global cold insulation market growth is segmented by applications, type, and region. Based on type, the global cold insulation market is segmented into polystyrene foam, phenolic foam, fiberglass, and polyurethane foam.

Based on application, the global cold insulation market forecast is segmented into HVAC, oil & gas, refrigeration, and chemicals.  The oil & gas segment accounted for the chief share of the cold insulation market owing to a rise in LNG transportation, cryogenic insulation demand. On the other hand, the chemical segment accounted for 22% of the cold insulation market in 2012, owing to a surge in the use of liquid forms of industrial gas in different applications such as surgery.

Cold Insulation Market Detailed Regional Analysis

Based on region, the global cold insulation market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia Pacific is expected to showcase significant market growth for cold insulation owing to the broad application of the same in chemical, refrigeration, oil & gas, and the HVAC market. Lower cost of setting up manufacturing units and cost-effective & skilled labor coupled with lower operating costs are all contributing heavily to the growth of the regional cold insulation market over the forecast period. Further, lower operating costs are anticipated to encourage new entrants to take advantage of expansion opportunities present in the region. Government policies present in several countries such as India, China, and Korea are promoting the production and adoption of cold insulation by introducing various favorable policies. China is anticipated to spearhead the country-specific cold insulation market in the region.

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